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re: What do you consider "Upper Middle Class"?
Posted on 3/18/14 at 7:28 am to Ellakennedi
Posted on 3/18/14 at 7:28 am to Ellakennedi
uhhhhhhh
you must be really shitty with money.
you must be really shitty with money.
0
Posted on 3/18/14 at 7:28 am to Ellakennedi
quote:
Posted by Ellakennedi My household income is 150k and I feel like I am lower middle class.
Posted on 3/18/14 at 7:29 am to Ellakennedi
quote:
My household income is 150k and I feel like I am lower middle class.
I think this comes from focusing on what others have and not what you have.....or you're just really bad with money
Posted on 3/18/14 at 7:32 am to yellowfin
quote:
really bad with money
No shite. Anyone who couldn't live a comfortable, debt-free existence on 150K might be doing something wrong.
On topic: I would say it varies by region. If you make 150K in Baton Rouge, you are probably doing better than someone who makes 350K in New York City.
Posted on 3/18/14 at 7:33 am to Athanatos
I don't quite understand what you mean by comparing apples to apples and underperforming. Should I only compare myself to other engineers? If I'm not the highest paid engineer in the world am I underperforming? By comparing yourself to the national average, you determine how comfortable you can live. Obviously everything runs by supply and demand. And if the demand is set by the average person making 50k, anyone making more will be able to live a little more comfortably. I think it's a great way to assess your income.
Posted on 3/18/14 at 7:34 am to Ellakennedi
Wow, really? Surely you have some assets. You may not have disposable income or fluid assets but surely with a household income that high you have a nice house, a couple of nice vehicles and maybe a few nice toys, right?
Posted on 3/18/14 at 7:34 am to Ellakennedi
quote:
My household income is 150k and I feel like I am lower middle class.
wowsers
Can you please explain.....I'm hella curious about why you say this.
Posted on 3/18/14 at 7:34 am to CadesCove
I guessing the COL difference between BR and NYC isn't quite that substantial.
Posted on 3/18/14 at 7:40 am to urinetrouble
quote:
I guessing the COL difference between BR and NYC isn't quite that substantial
Price real estate in both locations and get back with me on that one.
Posted on 3/18/14 at 7:40 am to urinetrouble
Just got back from NYC. Was told that the average apartment price in Greenwich Village is like $3500 to $4000 per month. I don't think you need 350k/year to afford that, but 150k would go fast.
Posted on 3/18/14 at 7:40 am to CadesCove
quote:not a chance
If you make 150K in Baton Rouge, you are probably doing better than someone who makes 350K in New York City.
350k working in NYC could get you a mansion in the suburbs of NYC easily
Posted on 3/18/14 at 7:42 am to Pilot Tiger
quote:
350k working in NYC could get you a mansion in the suburbs of BR easily
Isn't that what you meant?
Posted on 3/18/14 at 7:43 am to VABuckeye
quote:
Isn't that what you meant?
no, i meant nycPosted on 3/18/14 at 7:45 am to KG6
quote:
Was told that the average apartment price in Greenwich Village is like $3500 to $4000 per month
Yeah, look at the size of what that money gets you.
quote:
1bd, 1 full ba rental in Upper East Side
222 E 80th St #7G New York, NY
New York, NY 10075
$4,295 900 sq ft
Posted on 3/18/14 at 7:46 am to Pilot Tiger
A mansion in the NYC suburbs for $350k? Sign me up.
Or did you mean $350k income. I'm really tired this morning so comprehension may not be my strong suit today.
Or did you mean $350k income. I'm really tired this morning so comprehension may not be my strong suit today.
Posted on 3/18/14 at 7:46 am to VABuckeye
quote:no
A mansion in the NYC suburbs for $350k?
a 350k income
Posted on 3/18/14 at 7:46 am to Pilot Tiger
OK, so I exaggerated almost as much as the 150k guy saying he's a poor.
Posted on 3/18/14 at 7:48 am to KG6
I am responding to the apparently widely held disbelief that anyone makes money.
When an educated person, such as yourself, says his household income is $xxxx, the incredulous come running out with the nationwide median household income to cast doubt on the claimed income.
When an educated person, such as yourself, says his household income is $xxxx, the incredulous come running out with the nationwide median household income to cast doubt on the claimed income.
Posted on 3/18/14 at 7:50 am to CadesCove
Damn this thread exploded since I last saw it. Has the board come to a consensus on what constitutes upper middle class for a Louisiana family?
Posted on 3/18/14 at 7:51 am to NorthEndZone
quote:
What category is the 112K? I believe it is per return.
I don't understand. What do you mean by which category?
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